Avoid making a single referral containing two or more valuation
dates. This can cause problems when the VOA (
IHTM23002) register the case –
one valuation may be overlooked.
If you need the VOA to consider valuations in relation to two
(or more) dates in the same case – for example, lifetime and
death events in relation to different properties or a Gift With
Reservation (
IHTM14025) (GWR) in respect of a single
property – the referral for each date must be on separate
forms. In the case of a GWR, the referral should be on a VOA 2 (
IHTM23043) and an appropriate
explanation (on a VOA 3 (
IHTM23045) or memo) should accompany
the forms.
In contrast, a ‘loss to the estate’ (
IHTM04054) valuation where a request is
made for a valuation of a whole share and a retained share at the
same date should be referred on a single form VOA 2, with
explanatory form VOA 3 or memo.
